Apple Sells $220 Million Test Track After Autonomous Project Ends

Apple has reportedly sold its Arizona test track facility for $220 million. This sale comes after the tech giant decided to discontinue its ambitious autonomous vehicle project. The buyer of the facility is Waymo, Google's self-driving car company. The sale marks a significant financial transaction related to Apple's strategic shift away from developing its own autonomous driving technology. This move suggests a reallocation of resources for Apple, potentially focusing on other areas of its business. Waymo's acquisition of the facility could support its ongoing development and testing of self-driving technology. The deal underscores the competitive landscape and evolving strategies within the autonomous vehicle industry.

This transaction reflects Apple's strategic pivot away from its autonomous vehicle ambitions and highlights Waymo's continued investment in self-driving technology infrastructure.